Warning: count(): Parameter must be an array or an object that implements Countable in /home/eprofes3/public_html/fastesthousebuyer/wp-content/themes/fruitful/inc/metaboxes/init.php on line 756
October, 2017 | FastestHouseBuyer
04 Oct

Australia’s population growth hot spots

Population growth is a key element keeping Australian housing prices strong over the long term. In major cities like Sydney and Melbourne, the supply of new homes simply isn’t keeping up with population growth and as a result, prices continue to go up.

Population growth has played a big role in Sydney and Melbourne’s booms, which began in mid-2012. According to the Census, over the five years from 2011 to 2016 Greater Sydney experienced 9.8% population growth. That’s 1,656 people moving to Sydney every week.

Greater Melbourne’s population growth was superior to Sydney’s at 12.1%, with 1,859 new residents moving in every week. There’s no way new supply could keep up with these rates of growth and as a result, we’ve had much more demand and booming market conditions.

The Australian Bureau of Statistics (ABS) has now released regional population data that gives us the opportunity to look at population growth on a suburb by suburb level. This gives us an insight into the most popular and fastest growing neighbourhoods across the country.

Above average population growth is something investors should always look for when researching locations. However, it needs to be considered in the context of new supply.

If an area has had massive land releases and there’s new estates with thousands of new houses, you’ll see population growth but not necessarily big price growth. This only happens when demand exceeds supply. So, keep this in mind when looking at the following data.

Here are the Top 10 local council areas in each state for population growth (by percentage change) between 2006 and 2016. Population growth is usually a slow moving phenomenon, which is why we’re looking at 10 years of data to get a good picture of Australia’s hot spots.

Top 10 Population Growth hot spots

The next two states are WA and QLD. We need to remember that these are 10-year statistics, so the mining boom would have skewed the numbers a bit in regional mining towns. As a result, some of the localities in the Top 10 might be on the decline today given the mining boom has recently ceased and people are now leaving these areas.

Source: Regional Population Growth Australia 2016 (based on LGAs), ABS, published July 28, 2017

First published on www.switzer.com.au dated  October 3, 2017 by John McGrath. Heres the full text.

02 Oct

Sydney A Challenger To The Big Seven Established World Cities

Sydney is hot on the heels of the “Big Seven” established world cities, according to a new report by JLL and The Business of Cities.

The report, The Universe of City Indices 2017: Decoding City Performance includes analysis of 44 of the most robust city indices. These indices have a bearing on how we understand city dynamics — guiding investors, businesses and workers as they make location choices.

 

And a “second tier” of cities has emerged just behind the Big Seven ( London, New York, Paris, Singapore, Tokyo, Hong Kong, Seoul — are the archetypal established world cities).

Most of these cities have graduated from their previous status as “new world” or “emerging world cities”, having started to acquire more of the assets and characteristics of the seven leading cities.

Sydney has graduated from the group of new world cities to enter the “contenders” category. Sydney is amongst 10 contenders, including Beijing, Shanghai, Amsterdam, San Francisco, Toronto, Madrid, Los Angeles, Chicago and Washington DC.

JLL and The Business of Cities have reviewed over 300 city indices to reveal 10 imperatives for a successful city, from fostering innovation and investing in infrastructure, through to ensuring transparency and building brand.

Some of the key strengths of Sydney include quality of life, transparency, high levels of direct real estate investment (Sydney ranks 17th globally) and the city’s global reputation. Sydney is ranked second in the world for Brand, with Melbourne topping the list. New York is ranked third, Toronto fourth and Amsterdam at number 5.

CEO of JLL Australia, Stephen Conry said, “Two clear messages to emerge from this analysis by JLL and The Business of Cities is that more cities are becoming competitive with the biggest and best cities; and that the leading cities have to future proof in terms of their infrastructure and economic base.

“The fact that Greater Sydney is in the middle of a huge transformation on the infrastructure front is great news in this regard.

“The CBD light rail, the first stage of the Sydney Metro and the WestConnex road system – all will begin to come online over the next five years, and all will have significant impacts on the movement of people across the metropolis.

“This imperative to future proof outlined in the report states that Sydney is midway through major reform processes and has the challenge to ensure these arrangements are fit for purpose.

“Resilience and affordability present additional challenges that cities have to address to future proof,” Conry said.

JLL’s Director in Global Research, Jeremy Kelly said, “These indices have a bearing on how we understand city dynamics and serve to guide investors, businesses and employees as they make location choices. They point to which cities have the ingredients for future success and help steer the real estate industry in its response to the rapidly changing urban landscape.”

JLL’s Established World Cities rankings benchmark the most competitive urban cities in the world. The “Big Seven”:

  1. London
  2. New York
  3. Paris
  4. Singapore
  5. Tokyo
  6. Hong Kong
  7. Seoul

The “Contenders”:

  1. Los Angeles
  2. Shanghai
  3. Beijing
  4. Amsterdam
  5. Chicago
  6. San Francisco
  7. Toronto
  8. Madrid
  9. Sydney
  10. Washington DC

This news was first published in: www.urbandeveloper.com last Sept. 28th 2017. Here’s the full text.